Which of the following could be called a virtue of raising prices of depletable resources?
a. It would discourage consumption and waste.
b. It would stimulate more efficient use of resources.
c. It would encourage innovation and discovery of alternatives.
d. All of the above are true.
d
Economics
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Economics assumes people
A) tend to compete more in markets than they do in government. B) tend to cooperate more in markets than they do in government. C) try to advance their own projects in market and government processes. D) try to pursue the public interest but find over time that only private interests matter.
Economics
A variable that tends to move in advance of aggregate economic activity is called
A) a leading variable. B) a coincident variable. C) a lagging variable. D) an acyclical variable.
Economics